AZ
Maricopa
Tempe
85282
200 E SOUTHERN Avenue 224
200 E SOUTHERN Avenue 224, Tempe, AZ 85282
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Listing Type
other
Listing Status
Active
30
$249,900

Home Details for 200 E SOUTHERN Avenue 224

Price
$249,900
Type
Residential
Bedrooms
2
Total Bathrooms
2
Full Bathrooms
2
Square feet
941
Year built
1986
Lot size acres
0.03
County
Maricopa
Days on site
90
Listing #
7009928
Hoa
445.39
Listing Courtesy: Delex Realty - 602-910-3002
Property Description

Investor opportunity in the heart of Tempe! Tenant-occupied 2 bed / 2 bath condo providing immediate rental income with optimized mid-term rental upside potential. This unit features a highly desirable split floorplan, inside laundry, a private shaded balcony, and spacious living areas. Unbeatable location just 2.5 miles from ASU, shopping, dining, major valley employers, and immediate freeway access. An attractive option for buy-and-hold investors, 1031 Exchange buyers, and portfolio growth. Active HOA community repair projects offer a built-in equity cushion and long-term value enhancement. Dues cover exterior maintenance, roofing, blanket insurance, water, sewer, trash, and access to 2 heated pools and hot tubs. Buyer to independently verify all property rules. Highest & Best Use Strategy: While currently stabilized as a long-term rental, this asset is primed for an optimized roadmap to transition into a premium 30-to-90+ day Mid-Term Rental (MTR) to capitalize on high-yielding traveling medical, corporate, and transitional academic stays. Financing & Cash Advantage: Due to ongoing community asset stabilization and repair cycles, this property is currently non-warrantable and requires an all-cash close. Cash investors can capitalize on this status to bypass financed retail competition. Turnkey Rental Infrastructure: Property is situated in an always-in-demand rental hub with local property management infrastructure available for seamless out-of-state portfolio integration. Pro Forma Availability: Data-backed pro forma models outlining both the stabilized long-term rental math and optimized mid-term rental metrics are available upon request.

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Property Features
  • House Interior
    • Granite Counters
    • Vaulted Ceiling(s)
  • Parking
    • Detached Carport
    • Assigned
  • Cooling Information
    • Central Air
  • Heating Information
    • Electric
  • Water Features
    • Public
  • Fire Place
    • Living Room
School Information
School Information for 200 E SOUTHERN Avenue 224, Tempe, AZ 85282
Elementary School
Broadmor Elementary School
Middle School
Connolly Middle School
High School
Tempe High School
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Last Updated: 2026-07-22 16:20:24
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EXIT REALTY LIVING
64 E. Broadway Rd. Ste 200, Tempe, AZ 85282
Office
480 791 4604
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